Stocks Rise as Court Strikes Down Trump Tariffs: Markets Wrap
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(Bloomberg) — Stocks rose while bonds fell alongside the dollar after the Supreme Court’s rejection of President Donald Trump’s global tariffs, with investors trying to figure out how much the ruling changes US trade policy.
Hedge Fund Fermat Calls Surge in Cat-Bond Sales Breathtaking
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(Bloomberg) — The co-founder of Fermat Capital Management says the market for catastrophe bonds is drawing in new issuers at a rate that’s unlike anything he’s seen before.
Partners Group Seeks to Reassure on AI, Private Credit Exposure
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(Bloomberg) — Partners Group Holding AG sought to send a calming message about its investments after the stocks of other alternative asset managers suffered in recent weeks over their exposures to private credit and to industries potentially affected by artificial intelligence.
Trump Says Tariffs Pushed Novartis to Expand Operations in US
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(Bloomberg) — President Donald Trump said his tariffs spurred Novartis AG to expand its US manufacturing footprint, following a meeting with the Swiss drugmaker’s chief executive Vas Narasimhan at the White House on Wednesday.
Novartis to Exit Indian Unit With $159 Million Stake Sale
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(Bloomberg) — Novartis AG has agreed to sell a majority stake in its listed Indian unit, marking the culmination of a strategic review announced two years ago.
Stocks Decline as US-Iran Risks Spur Rally in Oil: Markets Wrap
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(Bloomberg) — Heightened geopolitical worries sent stocks lower while extending a surge in oil and keeping a lid on bonds amid perceived inflation risks. Gold hovered near $5,000, while selling shook alternative asset managers after a private credit fund halted redemptions.
Iran’s Diplomatic Window Is Closing, UN Atomic Watchdog Says
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(Bloomberg) — The US military build-up in the Middle East means Iran’s window to reach a diplomatic agreement over its atomic activities is at risk of closing, according to the head of the United Nations nuclear watchdog.
Nestle Unveils Ice Cream Disposals, Stresses Fast Formula Recall
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(Bloomberg) — Nestlé SA’s new chief executive officer shrugged off the biggest infant formula recall in the Swiss foodmaker’s history with an upbeat outlook for the year and the planned sale of its remaining ice cream brands.
Swiss Watch Exports Resume Slump as US Rebound Proves Shortlived
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(Bloomberg) — Swiss watch exports resumed their long slump in January after a brief respite the previous month triggered by the easing of US tariffs.
Stocks Get Tech Boost Amid Strong Economic Reports: Markets Wrap
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(Bloomberg) — A rebound in stocks gained traction amid easing jitters around artificial-intelligence disruption while a slew of data showed the US economy is holding up. Treasuries fell for a second straight day. Oil jumped.
Nestlé Weighs Reducing Exposure to Ice Cream, Revamps Board
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(Bloomberg) — Nestlé SA is considering further reducing its footprint in the ice cream business, as new Chief Executive Officer Philipp Navratil reviews the company’s sprawling operations, people with knowledge of the matter said.
Satellite Maker SWISSto12 Said to Weigh IPO as Soon as Next Year
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(Bloomberg) — Swiss satellite systems maker SWISSto12 SA is considering an initial public offering as soon as 2027, according to people familiar with the matter.
Glencore CEO Says Miners Must Do Deals After Rio Talks Fail
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(Bloomberg) — Glencore Plc boss Gary Nagle said the world’s top miners must get bigger in order to make their voices heard, as the metals and commodities they produce become increasingly political.
Nestlé CEO Under Pressure as Baby-Formula Mess Adds to Woes
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(Bloomberg) — For Nestlé SA, the baby-formula crisis that has sparked the largest recall in its history is a scandal it could have done without.
Glencore Tops Up Investor Payouts Even as Coal Weighs on Profits
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(Bloomberg) — Glencore Plc made an additional distribution to shareholders, even as declining earnings from the commodity trader-cum-miner’s sprawling coal operations weighed on full-year profit.
Bain, UBS Lend $382 Million to Quadrant’s Aidacare in Australia
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(Bloomberg) — Bain Capital Credit LP and UBS Group AG are lending a combined A$540 million ($382 million) to an Australian health-equipment manufacturer Aidacare Pty., according to people familiar with the matter, in the latest example of private credit being used to help finance stakeholder returns.
Stocks Whipsaw as AI Worries Linger on Wall Street: Markets Wrap
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(Bloomberg) — Traders struggling to assess the outlook for artificial intelligence whipsawed stocks in another volatile session on Wall Street. Gold and silver tumbled. Bitcoin extended its February rout.
US, Iran Hail Progress in Nuclear Talks After Trump Threats
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(Bloomberg) — The US and Iran made progress in nuclear talks in Geneva on Tuesday, with Tehran’s negotiators scheduled to return with a new proposal in two weeks, a US official said on Tuesday, a cautiously upbeat assessment that suggests the chances of an imminent military clash are low.
Ukraine to Discuss Nuclear Plant With Russia, Zelenskiy Says
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(Bloomberg) — Ukrainian President Volodymyr Zelenskiy said he tasked his country’s negotiators to discuss the future of the Zaporizhzhia Nuclear Power Plant, which Russian forces seized early in the full-scale invasion, during peace talks in Geneva.
Putin’s War in Ukraine Is Also Hitting Russians Harder at Home
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(Bloomberg) — Nearly four years after Vladimir Putin’s full-scale invasion of Ukraine, the war’s toll is measured not only in the shattered cities across the border but increasingly in Russia’s own frontier regions.
